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There are quite a few here that were here then. I do not live in Vegas but went out and visited. The office is not really that impressive. It is located in a large warehouse complex owned by Mr. Snaper and a partner. Mr. Snaper maintains his office and lab there and rents space to CTDT. The plan is to turn the warehouse facility into the manufacturing facility once they are ready. I believe estimates are around 100K to convert things. The biggest requirement is upgrading electrical capacity. The Maganatek machines draw a lot of power and so the electrical capacity feeding the building and infrastructure inside the building need upgrades.
They also need to build a clean room inside the facility. That is fairly expensive as well. These are the two main expenses.
The Magnatek machines CTDT have been using are located in Rhode Island. A small engineering firms has two (or three) of these machines and don't use them for much. Mr. Snaper has leased them to run his testing. Current news reports talk about leasing machines for around $130k. These are the machines they are talking about.
Once they are ready to move production to Las Vegas Mr. Snaper plans to build his own machines. He thinks he can build them cheaper and also more to his specifications.
Funny - I have know idea what became of Q. Chemist is currently taking a beating over on the TDCP board. Blast from the past - too bad more of the traders back then did not hang on. Hopefully a good management team will bring this to market. The technology is just to good to let languish.
Stock Structure - A lot of you know this but I thought I would re-cap (as best I can) the current stock status for the company for any newbies.
430,000,000 shares are authorized
73,000,000 million were issued as of six months ago. Of this then 43,500,000 belong to Alvin Snaper (these have a trade restriction on them limiting how many he can put into the market at a given time). 1,200,000 were set aside for warrants but the warrants have expired. These should go back into the un-issued quantity.
This means there were 28,300,000 available on the open market. A very large quantity of these are owned by members of this board.
The company recently issued 60,000,000 to cover funding provided over the last year to operate. They also issued 1,000,000 for web design and 6,500,000 to obtain the patent for the milling process.
I don't know if there are any restrictions on these shares. My guess is there are none. The 60,000,000 are held by insiders so they would need to file paperwork before selling any. I also expect they will hold for much higher pps as the company executes its plan but they could put some in the market.
Total number of issued shares now stands at: 139,500,000 (as best I can glean from the reports). Of the issued shares 43,500,000 are restricted and and additional 60,000,000 would need paperwork filing with the SEC to sell. That leaves 36,000,000 possible shares currently. It could be less depending on what is done with the web design shares and milling patent shares.
I expect they may issue stocks to secure funding as well. I think part of the reason they have been putting out news is in hopes of boosting PPS to aid in the funding process. The issued shares mentioned here were priced at .018. This created substantial dilution. I don't think they want to dilute as much in the funding round.
Good news is the float is low enough that the dilution is not a killer. If it means they take the product to market it is worth every single share.
Marsh Ski - taking profits is never a bad thing but you have to weigh a few things. If things slow down (they seem to being doing so) until more news then yes the price will probably slide down some. But will it be enough for you to buy back in, cover taxes and still make a profit. Then you have the risk of news coming out quickly. I doubt we see more news in the next few weeks but if we did the price would pop and you would find yourself having to buy back in at higher prices.
But this is always a personal decision. Best of luck!
In case you may not be aware - Graphene is created during the Magnatek process as a bi-product of producing diamonds.
There are several reasons this company has been slow in development. The two biggest reasons have been no viable management team and lack of funding. The expectation is the new management team will be able to get the funding.
Lastly - all the other diamond manufacturers are utilizing the two current methods for creating/growing diamonds. While this method is successful the cost to manufacture the product is very high and so they are not particularly competitive.
CTDT is developing a new technology to create diamonds. It will make the other methods obsolete. It is much easier to start a diamond manufacturing company while using existing technology. Creating a new technology is another animal all together.
I agree VC - They could not do it when the pps was so low but they need to consider it early. With so few stocks available the pps could spike well beyond reasonable valuations. The stock has tripled in the last few days on less than 100 transactions and less than 1 million in volume. Can you imagine what would happen with a few hundred transactions or a few million in volume in 1 day.
Nice close back to the high of the day. Tomorrow if volume is anywhere close to today we should break .20. Last L2 before market close had 15k at .185 and nothing until .40. I am sure it will fill in some but unless someone starts dumping then there are not a lot of shares available.
This is crazy - L2 current Ask
.185 5000 NITE
.185 49100 CDEL
.40 2500 CSTI
1.05 100 CANT
8.00 100 MAXM
175.00 1 ATDF
Not much on the bid right now. 5K at .17 and 10K at .165
Ask has 65K at .185 (5k nite and 60K cdel) That 65K has sat there even though 65K shares have traded at .185.
I think the MM are trying to hold it there because there is nothing after .185 until .40. That is a huge gap. And only 2.5K there. It is clear to 2.00 after that.
Obviously sell orders would come in but this will give everyone an idea of just how thin this stock is.
Agreed - there is still a lot of work to be done here. They need funding, must fix the measurement issue and determine and refine the best formula. And all of this is still contingent on the management team performing. Turning revenues in 1st Qtr 2016 will be helpful. If the milling process really is as sophisticated as some say it sales should grow. Not only producing revenues but creating a cash neutral or positive position would be helpful. Plans to sell diamonds created during testing phases will also help. These sales will hopefully offset some of the R&D expense.
Once diamonds created under this new process begin entering the market people (and industries) will start to notice. This is when share price should really take off. Saying you can do something and actually doing are to very different things. The market wants proof. Sales will provide that.
If the company gets to this point share price should be stable. They can then begin to sign partnership and licensing agreements. This is where the real growth will happen I believe. While CTDT may put a lot of machines into operation producing diamonds and can turn a handsome profit doing it the real money will be made partnering with companies using the technology in current products or new products. This will be pure dollars with no overhead to produce. Just good old fashioned cashflow.
A lot of work and lot of things that can go wrong. But upside is huge and it should be fun watching how this technology changes our lives in the future.
Mitch - It is interesting that this is in Mass. Perhaps Chaz is spending time in Rhode Island - home of the machines!
Could of been a market maker. They have to be low on shares. This is running up fast last two days. 15.5 would give them plenty of room to make money on the run up. L2 has to be thin also. Any kind of serious buying pressure and this really pops.
Just think where this would go if more people knew about it. There are only 130 people following it here on ihub. Most stocks have a lot more.
This stock actually ran up to around 2 dollars per share before Snaper sued and got the patent back and changed the name and cusip. The other owners were pumping the stock but not working on moving the company forward. Al sued but ultimately just re-purchased his own patent. That is one of the reasons this has languished. Much of the initial funding for the re-purchase of the patent and to begin testing was spent on legal fees. This is one of Mr. Snaper's greatest frustrations. I am glad to see him finally get things lined up properly.
Ironman -
As I said putting a projected pps on this type of stock is difficult. You can't compare it to other diamond production companies though. If you do you are discounting the biggest value to this stock. It will be very competitive in the industrial diamond production arena and frankly once they have all the measuring and formula's worked out none of the other diamond production companies will be able to compete with CTDT - the margins are simply too good with the new process. Now those companies that are producing gem quality diamonds won't be effected initially because that is not a market CTDT will go into (at least not in early stages). But 90% of the diamond market is used for industrial applications. CTDT will far outshine other manufacturers. On the very low end then production margins are 500% better than the competition. Snaper believes it is much higher 800% or even better. The entire industry will need to change or license under CTDT's patents to keep up.
But again that is the small value of this company. The cost to use diamond as a raw material will be low enough that it is viable. This is where micro-chips, transistors and new applications will be come in and will be the real catylsyt for revenue and pps. I am not saying this will be in the next year or two nor did I in my prior post. But long term this technology will revolutionize current industries and shape new ones. If you are investing in this company because you think they will carve out a niche in the industrial diamond manufacturing arena you are missing the true value of this technology.
Everyone has to have their own exit strategy when investing. You need to be comfortable with your own. I don't want to be one of the guys who sold apple or microsoft at .50 or $1.00 and is looking back now realizing had they held for 10 years they would be multi-millionaires.
One last thing you must factor in the short term is the stock float. CTDT stock float is ridiculously low. Much, much lower than other diamond stock companies. While I expect this to change some over the next 6 months or year it should still be very good. There is a very limited number of shares to spread around right now.
CTDT's available shares on the open market are around 28 million. This compares to 100 of millions for most other stocks. That is why a 400,000 share trade day almost doubled CTDT price and would barely move some other stocks. (By the way I know that well over half of that is owned by a handful of people on this board who are holding long). So even if the valuation of several diamond production companies were equal CTDT stock price would be much higher.
All of this is of course is just one man's opinion and just getting to .50 or .75 would be nice. Best of luck to you and everyone.
Backyards - Moore's law (in computing) notes that computing processor speeds double every two years. Moore's law was being tested when silicon chips were brought to market. The Silicon chips allowed moores's law to continue without interruption. Moore's law is again being stretched because silicon has reached it's limitations. Current processor speeds heat up too much. If speeds are increased then the current processor's would melt. That is why they are now adding more processors to increase capacity vs. increasing chip speed.
Diamond conducts electricity much more efficiently than silicon and at a much cooler temperature. Unfortunately the cost to produce chips using diamond has been far to expensive. This is where CTDT comes in.
Using the CTDT Magnatek process then diamond is created at a significantly lower price point than current methods, including mining. CTDT already owns a patent to dope chips with diamond. Using the lower price point chips can be produced for a price the market will bear. The best way I can put it is that CTDT will make diamonds at the cost of a raw material. This is why Chaz said CTDT could be the brick and mortar for the chip industry.
And chips are just one application. Snaper has always held, and Chaz mentioned it as well, that CTDT will open the door for new technologies that don't even exist today.
This technology is a major game changing technology. The only thing this company needed was a management team that would put an actionable plan in place and begin executing that plan. That seems to be the case now.
It is always hard to put a price on a stock like this. I personally would not even consider selling a share until it hit $2.00. But even then I think I would be short changing myself. I believe this stock has multiple stock splits and a pps upwards of $20.00 per share over the long term. Of course not tomorrow or even this year. But when you think about the applications (computers, automobiles, cell phones, medical equipment, etc. etc. etc.) it is easy to see just how big this can be. Look at what silicon did for computing. Now think bigger than that! When people here say this is the tip of the iceberg they are not exaggerating. IMHO this stock will make many here millionaires if they have the patience to hold. GLTA
Great day today! Be nice to see this kind of activity all week.
Well - hopefully it goes well beyond your buy in price and you are celebrating rather than licking your wounds.
Agree Pony - I am moving some funds over to buy more. This is still a bargain price based on where it can go. Not to mention I still believe we will see stock splits in the future.
It is looking good. Glad to see you are still here Billiam. Hopefully a lot of the longs are still here and held through the dark days!
Thanks Pony - I don't think anyone here is going to be able to add any cheap shares anymore. We could easily be over .20 this week if not today.
Anyone have an L2 shot they can post. I expect this is thin all the way to 2.00 but not sure. It is now at the highest price it has been since 2012. GLTA
It is heating up now! Ask at .14.
Thanks for the link Naval. I agree on the semi-conductors. It just makes sense and is a true game changing technology.
Agree Pony - and as Wymont points out in his post the new crusher is also ground breaking technology. Potential here is enormous. Lack of management has been the problem. It seems they might have that fixed.
They expect to deliver the first units in Q1 2016 and estimate 3 million in revenues first year sales. CTDT stock price is crazy low guys. This is just a small piece of a much much bigger operation. The revenues from this will enable the R&D needed and funds necessary to put the diamond production into full operation. I was aware they had plans to bring in revenue to help cash flow but this is much better than I had anticipated. I must say these guys really do seem to have a good plan in place and are steadily putting into operation. I don't understand why there are not more buyers here yet but I anticipate as the stock price climbs and the news continues to perculate that activity will pick up. Those of us who have held steadfast will be pleasantly rewarded for our patience.
NEWS - Cool! - So I was wrong about the milling. Apparently it is an entirely new product line but with synergistic properties:
Centaurus Diamond Technologies, Inc. Acquires the Autogenous Impact Mill Technology ("A.I.M.") and Prepares to Manufacture and Distribute Initial Units Starting Q1 of 2016
1 day 5 hours 15 minutes ago - DJNF
Centaurus Diamond Technologies, Inc. Acquires the Autogenous Impact Mill Technology ("A.I.M.") and Prepares to Manufacture and Distribute Initial Units Starting Q1 of 2016
LAS VEGAS, NV--(Marketwired - Nov 24, 2015) - Centaurus Diamond Technologies, Inc. (The 'Company' or 'Centaurus Diamond Technologies' or 'Centaurus') (OTC PINK: CTDT) The Board of directors, along with senior Management at Centaurus Diamond Technologies, Inc., is pleased to announce the acquisition and evolution of a new generation of crushing and milling technology machines that use Physics based innovation to "Autogenously" process materials. The technology succeeds in significantly reducing wear and tear on equipment while dramatically increasing the amount of crushing and milling capability to as much as 600 mesh in particle size. Due to the way the technology processes material, the surface area of the processed material is significantly increased, providing for greater efficiency in many industrial applications, particularly in the field of mining and mineral processing, pharmaceutical and chemical production. It is also synergistic in our overall R&D bench-marks in milling, mining, and numerous other applications and processes.
NeoDyne Research, Inc. produced the first generation of crushing and milling machines, utilizing this technology in the 1990s. Well over 100 base units (500lb/hr) were sold; in addition, larger two and five ton units were custom made to order. Three of the largest units (20 tons/hr) were also custom made to specification and sold to a mining operation in Colorado.
Centaurus Diamond Technologies, Inc. has acquired this technology and is evolving and improving the design and refining the process, while also planning to file a new patent. The Company expects to generate $3mm in revenue from the AIM sales in the first year of rollout after initial launch. The scheduled delivery of the first units is scheduled for Q1 of 2016.
According to Alvin A. Snaper, inventor of the AIM technology and Chief Science Officer at Centaurus Diamond Technologies, Inc., "It is gratifying for me to see this technology back on the market, as it is by far and away the most effective and efficient process for the reduction of mining ores globally today."
PRESS RELEASE: CTDT 11-24-2015, Las Vegas, Nevada
About Centaurus Diamond Technologies, Inc.
Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.
Safe Harbor Statement
This press release may contain certain "Forward-looking statements" relating to the business of Centaurus Diamond Technologies, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Naval - the business model has always been focused on the industrial diamond market. The margins using the maganatek process are 100's of times larger than any other method used to produce or mine diamonds. Entry is easier as well. I think they may be anticipating the need to reduce the diamonds down in size in order to cover the full spectrum of industrial diamond uses. They will also be looking into the doping of chips (they hold a patent for that process) and that probably requires very fine diamond particles.
The biggest variance I see in the old plan versus the new plan is the immediate leasing of equipment and entry into the market. I think this is a very positive move. Mr. Snaper wanted to run another round of test to refine the recipe for producing diamonds. This would have cost $400,000 to $500,000. While that would have yielded a more robust product when production started it would have also required additional funding to go into production.
Under the new plan it seems they will be leasing equipment and putting it into production while simultaneously working on the recipe and measurement issue. In other words they will be able to sell product while working out the kinks and gaining efficiency. LT had pushed for this exact same approach. It seems that Mr. Snaper (who is extremely cautious) has finally agreed to this approach.
If they begin bringing in revenue it will help offset operating costs and most likely drive the stock price up immediately. Proving the process has always been the key to the stock price. Revenues will do that quicker than anything else.
I said it a few weeks ago and still believe it. The current prices on the stock are a bargain. The opportunity to get in in single pennies may never occur again. I am adding as I can and would encourage those who have held long and stuck things out to consider it as well.
It is simple but I think it looks nice. I hope you are correct on working on another one. Financials showed 18K to do the work. Hopefully it will have the complexity and detail that merits the costs.
That is good to see. It looks good. I was concerned that the financials showed a lot of money spent on the website and it looked the same. Apparently they had just not gone live with the new one. It is encouraging to see them executing a plan. I thing they are on the right track and it is just a matter of time now.
Not sure how to get the attention back on this. So many people have left. Chart for the year and the last 3 months looks really good. I would think it would interest people at this point if they were aware of it.
Anyone able to post an L2 shot. My guess is this is very very thin.
IV - thanks for alerting everyone. I have stickied this for now.
Currently there is no filings for insider sales of shares. So the shares that have been traded over the last few weeks are from longs here. Good news that Radovich is holding his shares. I think he sees the value in this and that it would be very short sighted to sell at these prices. Float is still ridiculously low and any real buying pressure will make this pop. Sustained buying pressure should push PPS nicely and set it up well for mid 2016 when/if they go to market with product. NOW is probably the best time to get in. If they provide follow-up PR's this will only go up from here.
A lot of people have dropped off from following this. If anyone knows how to contact them I would. There is probably still interest. It seems we have a CEO who has a plan and is putting into action. We know the technology works. Two keys to further development. First get some product into market - they are planning on it. Second - solve the measurement problem. They are also planning of working on that. Once that is solved this technology is a mega-game changer. License fees, partnerships, buyouts are all on the table at that point.
Very positive and encouraging press release. Any kind of volume and buying pressure and this is poised to take off. Low float is still helping.
If they really successfully make it to market mid 2016 it opens up enormous possibilities for the technology. Profit off the industrial diamonds is just the tip of iceberg. The real value is in making the use of diamonds in technological fields affordable.
Sad thing is I believe that Mr. Snaper has always wanted to operate the company with integrity. That is one of the reasons he bought back his patent. I am still holding my shares and in fact have added a little bit. If they move forward this is still an exciting opportunity. The filing is disturbing to me but there is a lot I may not know. If the money is being spent wisely we will be fine. If Radovich is just making money off of shareholders that is a problem.
Snaper wanted $400,000 to run the next round of testing. If they had done that and published successful results the stock price would be much better and funding would not be a problem. Instead we see them spend 1 1/2 times that for "services rendered" and as far as we know they are no closer to finalizing the formula for diamonds.
Snaper could not find his way out of a paperbag when it comes to business sense. I had investors willing to pony up $400,000 with no dilution and at .04 per share. Exactly what he wanted. Instead he listens to his investment advisors and just moves on with these guys.
I have a lot of confidence in the technology and really like Mr. Snaper. But this is so frustrating. I hope these guys get it together and build this into a dynamic company. But right now it looks like the only one profiting is Radovich and Delisle.
I hope I am overreacting but this filing is really bad in my opinion. First real evidence of the new management teams operations and it looks really lopsided to me.
On June 8, 2015, the Company issued 30,000,000 shares at fair value of $0.018 per share for a total of $540,000 in exchange for services.
On June 8, 2015, the Company issued 1,000,000 shares at fair value of $0.018 per share for a total of $18,000 in exchange for website design services.
So $18,000 (1 million shares) for website design services. Website looks the same to me!
My assumption on the 30,000,000 is that Radovich and Delisle. So they get 30,000,000 shares valued at $540,000 to pay back their $150,000 note. Great deal for them lousy for other share holders. They are probably the same ones selling at .04 -.06 right now (again a great deal for them).
For services rendered: Exactly what are those services and what are stockholders getting for their investment.